Punj Lloyd builds on large order win

Punj Lloyd gained 0.52% to Rs 201.15 at 9:56 IST on BSE after the company said on Thursday, 3 July 2008, it has bagged an order worth Rs 1005 crore from GVK Power for its Govindwal Sahib coal fired thermal power plant project in Punjab.

The company made this announcement after trading hours yesterday, 3 July 2008.

The stock hit a high of Rs 205 and a low of Rs 198.10 so far during the day. The stock had a 52-week high of Rs 589.10 on 4 January 2008 and a 52-week low of Rs 183.20 on 2 July 2008.

The company has an equity capital of Rs 60.69 crore. Face value per share is Rs 2.

The current price of Rs 201.15 discounts its Q4 March 2008 annualised EPS of Rs 17.10, by a

PE multiple of 11.76.

The project is to be executed by mid 2011. With this latest order, the company’s order book stands at Rs 21,249.63 crore.

On 6 June 2008, Punj Lloyd secured an order worth Rs 649 crore for motor spirit quality upgradation project from Indian Oil Corporation for its Barauni Refinery, Bihar.

On 5 June 2008, the company signed a collaboration agreement with Singapore Technologies Kinetics, Singapore for manufacturing defence equipment.

Punj Lloyd’s net profit jumped 459.6% to Rs 129.71 crore on 87.8% increase in net sales to Rs 1499.40 crore in Q4 March 2008 over Q4 March 2007.

The company provides engineering, designing, procurement, construction and project management services for energy industry and infrastructure sector.